Gresham's Law states that
A) the more you make, the more you spend.
B) bad money drives out good money.
C) money supply creates its own demand.
D) money is not a suitable medium of exchange.
Correct Answer:
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Q10: Higher the rate of inflation
A)slower will be
Q11: Which of the following is NOT a
Q12: Hyperinflation occurs when
A)the inflation rate is extremely
Q13: Inflation affects money by
A)increasing money's efficiency as
Q14: As a medium of exchange, money makes
Q16: When people keep money for some period
Q17: An inflation rate exceeding 50 percent per
Q18: According to Gresham's law
A)the product of the
Q19: Which of the following functions of money
Q20: Money whose value is determined by its
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